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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Pallisard who wrote (3481)7/26/1998 2:14:00 PM
From: Vegas Kate  Read Replies (2) of 27311
 
My strategy during this waiting game is:

1. Buy shares between 4 7/8 and 5 on Monday

2. Write the Dec 5 covered calls for 1 1/8 (the current bid) ,or more

3. Do the above in my Roth IRA ( I already did this in my son's IRA a few weeks ago, when the stock was higher...still good return on the moolah)

4. Realize 22.5% yield over the next 5 months....tax free.

5. If, by December's expiration, the stock has tanked....double down.
If it blasts off and is called away, no problema.

What do you fellas think?

Vegas Kate
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